newprosperitydevon.org. Devon, a county celebrated for its picturesque landscapes and thriving communities, is increasingly focused on sustainable economic growth. The ambition is to foster a prosperous future for all its residents while safeguarding the environment and unique character of the region. A key component of this mission is the platform , a resource designed to connect businesses, organizations, and individuals with the tools and support they need to flourish in a rapidly changing world. This platform offers a centralized hub for information, funding opportunities, and collaborative initiatives, all geared towards building a more resilient and equitable economy.
The economic landscape of Devon is diverse, encompassing agriculture, tourism, technology, and advanced manufacturing. However, challenges such as rural isolation, limited access to investment, and the need for skilled workforce development persist. aims to address these challenges by facilitating partnerships, promoting innovation, and providing access to resources that empower local businesses and communities. The success of Devon’s future depends critically on embracing sustainable practices and fostering collaboration between the public and private sectors to create a thriving and inclusive economy.
One of the core tenets of is supporting the growth of small and medium-sized enterprises (SMEs) across Devon. SMEs form the backbone of the local economy, providing employment opportunities and contributing significantly to the region’s overall prosperity. The platform provides a wealth of resources for businesses, including information on grants and funding schemes, business planning tools, and access to expert advice. It also serves as a valuable networking hub, connecting businesses with potential partners and customers. Furthermore, the platform actively promotes innovation by showcasing cutting-edge technologies and supporting research and development initiatives in key sectors.
Securing funding is often a major hurdle for SMEs. simplifies the process by providing a comprehensive directory of available grants, loans, and investment opportunities. It also offers guidance on preparing compelling business proposals and navigating the application process. The platform regularly hosts webinars and workshops featuring financial experts who share valuable insights and advice. This support is critical for enabling businesses to invest in new equipment, expand their operations, and create new jobs. Crucially, it’s not only about access to capital, but also mentorship and building financial literacy within the business community.
| Devon County Council Growth Fund | Grants | Devon-based SMEs with growth potential | £50,000 |
| South West Investment Fund | Loans & Equity | Businesses in the South West region | £250,000 |
| Innovate UK | Grants & Loans | Innovative businesses with high growth potential | £1,000,000+ |
| Regional Growth Fund | Grants | Projects that create significant employment opportunities | £100,000+ |
The table above provides a quick overview of some of the funding options readily available to Devon-based businesses through resources highlighted on . It’s a living document constantly updated with new opportunities. Businesses are strongly encouraged to regularly review the platform for the most current information.
Devon’s natural beauty and cultural heritage make it a popular tourist destination, generating significant economic benefits for the region. However, it is crucial to manage tourism sustainably to minimize its environmental impact and ensure that local communities benefit from the influx of visitors. plays a vital role in promoting responsible tourism practices. It provides resources for tourism businesses on topics such as reducing carbon emissions, conserving water, and protecting biodiversity. The platform also encourages visitors to support local businesses and explore lesser-known areas of Devon. A key objective is to diversify the tourism offer, promoting year-round attractions and reducing reliance on peak season demand. This diversificiation will lead to a more stable and beneficial tourism economy for all stakeholders.
There is increasing demand from tourists for eco-friendly accommodation options. showcases accommodation providers in Devon that have adopted sustainable practices, such as using renewable energy, reducing waste, and sourcing local produce. The platform also helps these businesses market their sustainability credentials to attract environmentally conscious visitors. By promoting these best practices, encourages other accommodation providers to follow suit, creating a more sustainable and responsible tourism industry. Furthermore, training programmes are available to help businesses achieve recognised eco-certifications.
The points listed above represent key areas where accommodation providers can demonstrate their commitment to sustainability. provides links to resources and support to help businesses implement these practices effectively, creating a positive impact on both the environment and their bottom line.
A skilled workforce is essential for driving economic growth and innovation in Devon. However, skills gaps and shortages in key sectors pose a significant challenge. addresses this issue by connecting businesses with education and training providers, facilitating apprenticeships, and promoting lifelong learning. The platform also provides information on the skills needs of different industries, helping individuals identify training opportunities that align with local demand. Investment in skills is seen as vital to ensuring Devon remains competitive in the global economy and provides opportunities for its residents.
Apprenticeships are a highly effective way to develop a skilled workforce and provide individuals with valuable on-the-job training. provides a directory of apprenticeship opportunities in Devon, as well as information on how businesses can become apprenticeship employers. The platform also promotes vocational training courses that provide individuals with the skills needed for specific occupations. Collaboration between businesses and educational institutions is crucial for ensuring that training programmes are aligned with the needs of the local economy.
The steps above outline the process of implementing a successful apprenticeship programme. offers guidance and support throughout each stage, helping businesses maximise the benefits of apprenticeships and develop a loyal and skilled workforce. This investment in skills development will ensure Devon continues to attract innovative companies.
Collaboration is key to addressing the complex challenges facing Devon's economy. facilitates collaboration between businesses, organizations, and individuals by providing a platform for networking, knowledge sharing, and joint initiatives. The platform actively promotes partnerships between different sectors, such as agriculture and tourism, to create new opportunities for growth and innovation. It also encourages cross-border collaboration with neighboring counties to leverage regional strengths and address shared challenges. The success of hinges on building a strong and collaborative ecosystem.
Looking ahead, the focus for Devon’s economic development will increasingly center on embracing the principles of the circular economy and investing in green technologies. This means minimising waste, reusing materials, and transitioning to renewable energy sources. will play a crucial role in supporting this transition. It will provide businesses with access to information and funding to invest in sustainable practices and develop innovative green products and services. Specifically, a recent initiative involves mapping the existing renewable energy infrastructure in Devon to identify opportunities for expansion and improvement.
This infrastructure mapping project, facilitated through the platform, involves data collection from local energy providers, landowners, and community groups. The gathered information will be used to create a comprehensive map of renewable energy sources, including solar farms, wind turbines, and biomass plants. This will enable more effective planning and investment in renewable energy projects, contributing to Devon’s commitment to becoming a carbon-neutral county. The information will be freely available on , empowering businesses and communities to make informed decisions about their energy future.
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